business in Caucasus

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Azerbaijan among TOP-20 states in Doing Business 2020

Azerbaijan among TOP-20 states in Doing Business 2020

Azerbaijan is among TOP-20 countries with the improved 'Doing Business 2020' rating, published by the World Bank. According to the bank, Azerbaijan made it easier to do business in four areas measured by Doing Business: …

"Caspian Convention lays groundwork for joint projects"

"Caspian Convention lays groundwork for joint projects"

The Convention on the Status of the Caspian Sea, signed more than a year ago by the heads of the five Caspian littoral states, has laid the groundwork for for the active development of joint bilateral and multilateral projects in this region, the …

Eurasian Week 2019 in Bishkek

Eurasian Week 2019 in Bishkek

On September 25-27, Bishkek will host the Eurasian Week - the largest international business forum in the Eurasian Economic Union (EAEU) space. Since 2016, the forum has been held annually in the capitals of the EAEU countries. The purpose of …

North Ossetian official to pay fine of 240 thousand rubles

North Ossetian official to pay fine of 240 thousand rubles

In North Ossetia, the prosecutor’s office secured the repayment of debts in the amount of 13 million rubles from officials of the the Right-Bank District administration, the press service of the prosecutor's office reports. …

Azerbaijani-Russian Business Forum kicks off in Baku

Azerbaijani-Russian Business Forum kicks off in Baku

The Azerbaijani-Russian Business Forum has kicked off in Baku. Event was opened by Deputy Minister of Economy of Azerbaijan Rufat Mammadov, who spoke about the growth of cooperation and joint investments between the two countries. …

Drilling at Shafag-Asiman to begin before year-end

Drilling at Shafag-Asiman to begin before year-end

BP will hold an open meeting on September 11 to discuss a document on the Environmental and Socio-Economic Impact Assessment (ESIA) of Shafag-Asiman Exploration Drilling Project, the company's press service reported. BP is expected …

French Eiffage to build Anaklia port

French Eiffage to build Anaklia port

French construction company Eiffage will be the key contractor of the Anaklia Development Consortium to carry out the first phase of construction work of the Anaklia Deep Sea Port with Swiss ABB and Georgian CRP, the Anaklia Development …

Foreign investments in Georgia decline by 6.3%

Foreign investments in Georgia decline by 6.3%

Georgia attracted $281.1 million in foreign direct investments in the first quarter of 2019, which is a 6.3% decrease compared to the same period of 2018, according to the latest preliminary data of the National Statistics Office of …

 Electric-car plant to be built in Kutaisi in two years

Electric-car plant to be built in Kutaisi in two years

Georgian AiGroup and the Chinese Changan will start production of electric vehicles (EV) in Kutaisi by summer of 2021 in accordance with the project for construction of the EV production plant, according to Georgia's PM Mamuka …

Georgia-Israel business forum to be held in Tbilisi

Georgia-Israel business forum to be held in Tbilisi

A Georgian-Israeli business forum, to be attended by about 100 entrepreneurs from Israel, will be held in Tbilisi tomorrow. The Israeli delegation will include large businessmen who have not previously had relations with Georgia. …

 Azerbaijan and UAE to expand business cooperation

Azerbaijan and UAE to expand business cooperation

  Chairman of Azerbaijan's Agency for the Development of Small and Medium-Sized Enterprises (SMEs) Orkhan Mammadov held a meeting with the Dubai SME CEO Abdul Baset Al Janahi in Dubai. …

Russian and Azerbaijani companies ink agreements in Baku

Russian and Azerbaijani companies ink agreements in Baku

Three agreements have been signed today on the sidelines of the Azerbaijan-Russia Cooperation Forum in Baku, the correspondent of Vestnik Kavkaza reported. The agreement between Sumgayit Technologies Park and Rostselmash was …

People with disabilities to work in one of Makhachkala’s cafes

People with disabilities to work in one of Makhachkala’s cafes

According to the press service of the Ministry of Labor of Dagestan, on Monday in Makhachkala, a cafe will open where people with disabilities will work. This project was implemented by the Dagestan Regional Public Organization for Disabled …